Form 4: Hippo Holdings CFO Stewart Ellis Reports Stock Disposal to Cover Tax Obligations

Stewart Ellis, CFO of Hippo Holdings Inc., disposed of 1,166 shares of common stock on May 1, 2024, to satisfy tax withholding obligations related to the vesting of restricted stock units.

Summary

• On May 1, 2024, Stewart Ellis, the CFO and Chief Strategy Officer of Hippo Holdings Inc., disposed of 1,166 shares of common stock.
• The transaction was executed to cover tax withholding obligations associated with the vesting of restricted stock units (RSUs).
• The shares were disposed of at a price of $21.97 per share.
• Following the transaction, Ellis directly owns 390,701 shares of common stock, including 214,100 RSUs.
• Ellis also indirectly owns 10,335 shares held by Preservation Trust Company, Inc., Trustee of the Desertfish Nevada Trust.

Sentiment

Score: 7

Explanation: The sentiment is neutral as it reports a routine transaction related to tax obligations. There is no indication of positive or negative implications for the company's performance.

Industry Context

This is a routine transaction related to executive compensation and tax obligations, common in publicly traded companies.

Stakeholder Impact

• The transaction has minimal impact on stakeholders as it is a routine sale to cover tax obligations.

Key Dates